Andrew Silsby

"We think of this less as philanthropy in the traditional sense and more as an extension of who we are. Giving back is one way we live out our purpose as a community bank, year after year," says Andrew Silsby, president and CEO of Kennebec Savings Bank.

For the first time in three years, the Federal Reserve raised interest rates on Wednesday to tame inflation and signaled that there may be further increases ahead.

"This is a transformational project for lower Western Avenue," Augusta's economic development director told Mainebiz.

“We'd like to give our employees the best views ... of the capital and the river,” Andrew Silsby, president and CEO, told Mainebiz.

President Trump's nominee to succeed Jerome Powell as chair of the U.S. Federal Reserve "isn’t squarely hawkish or dovish – he’s signaling a hybrid stance,” one observer tells Mainebiz.

Forecasts run the gamut from the specter of a recession to a dose of practical optimism from a coffee entrepreneur.

Business leaders from around the state have varying expectations for the coming year.

“Our goal is to design a campus that functions better for customers and employees, improves safety and traffic flow, and fits the character of the neighborhood,” said one executive.

Portland Little League aims to raise $1 million to revitalize all of the city’s fields.

With less than 10 days to go until U.S. monetary policy makers next meet, the only thing that could spook markets this spooky season would be a status quo in interest rates.